Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market
Cognition's valuation multiple is higher than Cursor's was before selling to SpaceX.
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Cognition's valuation multiple is higher than Cursor's was before selling to SpaceX.
Sequoia is just one of the top firms that sells same equity at two different prices.
Some AI startups are stretching traditional revenue metrics when talking about progress publicly. And their investors are fully aware.